Regulatory Alerts2011-12-25
Added · Updated
IFSB Exposure Draft on Guiding Principles on Liquidity Risk
The Central Bank of Bahrain requires all local Islamic banks to review the Islamic Financial Services Board’s new exposure draft on liquidity risk principles. Institutions must submit their feedback by 25 December 2011 to enable the regulator to file a consolidated response before the IFSB’s January 2012 adoption deadline. Finalizing these guiding principles will mandate material adjustments to liquidity coverage, funding stability, and risk reporting frameworks across Bahrain’s banking sector.
الإِدَارَةُ التَّنْفِيذِيَّةُ لِلرِّقَابَةِ الْمَجْهُوْرِيَّةِ
Executive Director - Banking Supervision
EDBS/KH/0376/2011
20<sup>th</sup> November, 2011
مَعْرِفَةُ الْبَحْرَيْنِ الْمَلَكِيَّة
Central Bank of Bahrain
Chief Executive Officers
All Islamic Banks
Manama
Kingdom of Bahrain
Dear Sirs,
Islamic Financial Services Board (IFSB) Issues New Exposure Draft on Guiding Principles on Liquidity Risk
The IFSB issued the above paper in October 2011 for public consultation. The full text is available on the IFSB website (http://www.ifsb.org).
The Central Bank of Bahrain requests that all concerned banks and other parties review this paper as it will have material implications for banks if it is adopted. Please send your comments to the undersigned by 25<sup>th</sup> December 2011 so that the CBB may prepare a summary reply for submission to the IFSB by the January 2012 deadline. The replies may also be copied to the IFSB.
Yours faithfully,
Khalid Hamad
Executive Director of Banking Supervision
cc: All Local Audit Firms
rge/
ص.ب: ٧٧، المنامة - مملكة البحرين
هاتف: (+973) 1758400 - فاكس: (+973) 17532605
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547400 - Fax: (+973) 17532605
website: www.cbb.gov.bh
E-mail: khalid.hamad@cbb.gov.bh
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